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Monday, December 12, 2011

Monetary

News                                                                                                                             
USA Today | Food prices likely to remain high as corn supply lags
ST. LOUIS – The U.S. government barely changed its estimate for next year's corn surplus, which is expected to stay small and keep high food prices high.
NY Times | Chronic Pain for the Euro
The deal on Friday in Brussels to reformulate the rules of the euro zone has probably saved the shared currency for now — but there may be less to it than meets the eye.

Blogs                                                                                                                             
WSJ: Real Time Economics | New Measure of Global Pain from Euro-Zone Woes
Ailing banks in France, Italy and Germany are pulling back from lending abroad in a sign of how Europe’s woes are causing hurt near and far.